Ontario introduces new fixed COVID-19 hydro rate

Marco Green
June 2, 2020

Energy Minister Greg Rickford says the new rate, called the COVID-19 Recovery Rate of 12.8 cents, will start June 1st.

He adds the government has invested over $175-million to help customers save on Time of Use rates, which on November 1st a year ago was 10.1 cents during off-peak, 14.4 cents at mid-peak and 20.8 cents for on-peak.

"This investment was made to protect the people of Ontario from a marked increase in electricity rates as they did their part by staying home to prevent the further spread of the virus".

The Ontario government is suspending time of use electricity rates and introducing a fixed price under the COVID-19 Recovery Rate program.

"This fixed rate will continue to suspend time-of-use prices in a fiscally responsible manner".

More information about the COVID-19 Recovery Rate will be provided by Premier Doug Ford during his daily briefing on June 1.

This is slightly higher than the off-peak price of 10.1 per kilowatt-hour customers have been paying since the province suspended time of use pricing and dropped the electricity rate to the off-peak rate on March 24.

The province is introducing new electricity rate relief measures as a result of the COVID-19 pandemic.

As of Monday, that fixed rate will increase to 12.8 cents per kilowatt hour, a change that will last at least until October 31.

There are approximately five million residential consumers, farms and some small businesses billed using TOU electricity prices under the RPP.

Other reports by Click Lancashire

Discuss This Article